Glatfelter increases dividend by 11%
Mar 05, 2013. Glatfelter announced that its Board of Directors increased its quarterly dividend to $0.10 per share on its outstanding common stock. The dividend is payable on May 1, 2013 to shareholders of record as of the close of business on April 4, 2013.
Mar 05, 2013. /Lesprom Network/. Glatfelter announced that its Board of Directors increased its quarterly dividend to $0.10 per share on its outstanding common stock. The dividend is payable on May 1, 2013 to shareholders of record as of the close of business on April 4, 2013, as the company said in a press release received by Lesprom Network.
“This dividend increase reflects the strength of our balance sheet, our expectation for continued healthy free cash flow generation and our on-going focus to return value to our shareholders,” said Dante C. Parrini, chairman and CEO. “Glatfelter is committed to a sustainable and competitive dividend, which is reviewed periodically and will be increased as earnings and cash flows permit.”
Glatfelter is a global manufacturer of specialty papers and fiber-based engineered materials, offering over a century of experience, technical expertise and world-class service. U.S. operations include facilities in Spring Grove, PA and Chillicothe and Fremont, OH. International operations include facilities in Canada, Germany, France, the United Kingdom and the Philippines, a representative office in China and a sales and distribution office in Russia.